Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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A scrutiny notice under section 143(2) merely informs the assessee that the case has been selected for scrutiny and need not disclose the selection reasons or scope of scrutiny. CBDT and departmental selection guidelines are described as inter-departmental instructions that do not create an assessee right to demand those reasons. Selection may be challenged only on proof of arbitrariness or vendetta. During assessment, the Assessing Officer must issue a specific notice seeking relevant information and documents; the notes state that such a subsequent notice satisfies the assessment-process requirement.
A scrutiny notice under section 143(2) merely informs the assessee that the case has been selected for scrutiny and need not disclose the selection reasons or scope of scrutiny. CBDT and departmental selection guidelines are described as inter-departmental instructions that do not create an assessee right to demand those reasons. Selection may be challenged only on proof of arbitrariness or vendetta. During assessment, the Assessing Officer must issue a specific notice seeking relevant information and documents; the notes state that such a subsequent notice satisfies the assessment-process requirement.
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